PALIT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 12-07-2026 at the NBB all 25 filings
Turnover
≈ €200,000
Estimated: probably between €150,000 and €270,000
Total assets
€39,481▲ 14.6%
2024 · €34,465
Net result
-€1,241▲ 9.7%
2024 · -€1,374
Working capital
-€55,095▲ 6.3%
2024 · -€58,770
In the rankings
#9 oldest company in Nazareth-De Pinte, Other services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€4,558
2025
20182025
Net result
-€1,241
▲ 9.7%
2025
lowest quarter of the sector
20182025
Equity
-€44,886
▼ 2.8%
2025
lowest quarter of the sector
20182025
Total assets
€39,481
▲ 14.6%
2025
lowest quarter of the sector
20182025
Debt
€84,367
▲ 8.0%
2025
20182025
Working capital
-€55,095
▲ 6.3%
2025
lowest quarter of the sector
20182025
Solvency
-113.7%
▲ 12.9pp
2025
lowest quarter of the sector
20182025
Current ratio
0.34
▲ 0.09
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-3.1%
▲ 0.8pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
1
▼ 9.1%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€4,516--€4,464▲ 1.2%-€917▲ 79.5%€5,159€6,118▲ 18.6%-€710-€387▲ 45.5%€4,558
Net result-€6,899--€6,290▲ 8.8%-€2,611below the sector's middle half▲ 58.5%€3,998within the sector's middle half€5,060within the sector's middle half▲ 26.6%-€1,800below the sector's middle half-€1,374within the sector's middle half▲ 23.7%-€1,241below the sector's middle half▲ 9.7%
Equity-€40,628--€46,918▼ 15.5%-€49,529below the sector's middle half▼ 5.6%-€45,531below the sector's middle half▲ 8.1%-€40,471below the sector's middle half▲ 11.1%-€42,271below the sector's middle half▼ 4.4%-€43,645below the sector's middle half▼ 3.3%-€44,886below the sector's middle half▼ 2.8%
Total assets€43,306-€37,416▼ 13.6%€47,665below the sector's middle half▲ 27.4%€33,922below the sector's middle half▼ 28.8%€32,975below the sector's middle half▼ 2.8%€34,568below the sector's middle half▲ 4.8%€34,465below the sector's middle half▼ 0.3%€39,481below the sector's middle half▲ 14.6%
Debt€83,934-€84,334▲ 0.5%€97,194▲ 15.2%€79,453▼ 18.3%€73,446▼ 7.6%€76,839▲ 4.6%€78,109▲ 1.7%€84,367▲ 8.0%
Working capital-€55,229--€45,186▲ 18.2%-€48,323below the sector's middle half▼ 6.9%-€47,765below the sector's middle half▲ 1.2%-€41,743below the sector's middle half▲ 12.6%-€42,581below the sector's middle half▼ 2.0%-€58,770below the sector's middle half▼ 38.0%-€55,095below the sector's middle half▲ 6.3%
Solvency-93.8%--125.4%▼ 31.6pp-103.9%below the sector's middle half▲ 21.5pp-134.2%below the sector's middle half▼ 30.3pp-122.7%below the sector's middle half▲ 11.5pp-122.3%below the sector's middle half▲ 0.4pp-126.6%below the sector's middle half▼ 4.4pp-113.7%below the sector's middle half▲ 12.9pp
Current ratio0.26-0.38▲ 0.120.49below the sector's middle half▲ 0.110.40below the sector's middle half▼ 0.090.43below the sector's middle half▲ 0.030.45below the sector's middle half▲ 0.010.25below the sector's middle half▼ 0.200.34below the sector's middle half▲ 0.09
Return on assets (ROA)-15.9%--16.8%▼ 0.9pp-5.5%below the sector's middle half▲ 11.3pp11.8%within the sector's middle half▲ 17.3pp15.3%above the sector's middle half▲ 3.6pp-5.2%below the sector's middle half▼ 20.6pp-4.0%below the sector's middle half▲ 1.2pp-3.1%below the sector's middle half▲ 0.8pp
Staff (FTE)1-1=1within the sector's middle half=1=1=1=1.1▲ 10.0%1▼ 9.1%
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €4,558, after a loss of €387 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,481
Fixed assets
€11,654 ▼ 22.9%
Current assets
€27,827 ▲ 43.9%
Equity and liabilities
Equity-€44,886
Debt€84,367
Equity is negative. Debt (€84,367) exceeds the balance-sheet total (€39,481).
Key figures and ratios
EBITDA
€8,029▲
2024 · €2,154
Cash flow
€2,230▲
2024 · €1,166
Quick ratio
0.28▲
2024 · 0.19
Interest coverage
1.59▼
2024 · 3.69
Debt ≤ 1 year
€82,922▲
2024 · €78,109
Income taxes
€760▲
2024 · €403
Staff costs
€64,828▲
2024 · €64,252
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | - | - | 0 | 0 | 0 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1.1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
| Joined | - | - | 0 | 2 | 0 |
| Left | - | - | 0 | 2 | 0 |
| Training hours | - | - | 0 | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,885 | - | €0 | €17,355 | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €2,388 | €962 | €962 | €2,540 | €3,471 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,314 | €0 | - | €5,936 | - |
| Remuneration, social security and pensions62 | - | - | - | €51,912 | €55,198 | €60,255 | €64,252 | €64,828 | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,298 | €18,485 | €8,298 | €2,388 | €962 | €962 | €2,540 | €3,471 | ▲ 36.6% |
| Other operating charges640/8 | - | - | - | €7,649 | €7,351 | €7,896 | €8,391 | €8,067 | ▼ 3.9% |
| Gross operating margin9900 | €65,828 | €72,712 | €59,060 | €67,108 | €69,629 | €68,403 | €74,797 | €80,924 | ▲ 8.2% |
| Operating profit (loss)9901 | -€4,516 | -€4,464 | -€917 | €5,159 | €6,118 | -€710 | -€387 | €4,558 | - |
| Financial income75/76B | - | - | - | €6 | - | - | - | - | - |
| Recurring financial income75 | €169 | €4 | €41 | €6 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €858 | €722 | €527 | €584 | €5,039 | ▲ 763% |
| Recurring financial charges65 | €2,236 | €1,527 | €1,447 | €858 | €722 | €527 | €584 | €5,039 | ▲ 763% |
| Profit (loss) for the period before taxes9903 | -€6,583 | -€5,987 | -€2,323 | €4,307 | €5,396 | -€1,237 | -€971 | -€482 | ▲ 50.4% |
| Income taxes67/77 | €316 | €303 | €288 | €309 | €336 | €563 | €403 | €760 | ▲ 88.4% |
| Profit (loss) for the period9904 | -€6,899 | -€6,290 | -€2,611 | €3,998 | €5,060 | -€1,800 | -€1,374 | -€1,241 | ▲ 9.7% |
| Profit (loss) for the period to be appropriated9905 | -€6,899 | -€6,290 | -€2,611 | €3,998 | €5,060 | -€1,800 | -€1,374 | -€1,241 | ▲ 9.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €43,306 | €37,416 | €47,665 | €33,922 | €32,975 | €34,568 | €34,465 | €39,481 | ▲ 14.6% |
| Fixed assets21/28 | €24,243 | €10,035 | €1,736 | €2,234 | €1,272 | €310 | €15,125 | €11,654 | ▼ 22.9% |
| Intangible fixed assets21 | €813 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €23,120 | €9,725 | €1,426 | €1,924 | €962 | €0 | €14,815 | €11,344 | ▼ 23.4% |
| Plant, machinery and equipment23 | - | - | - | €1,924 | €962 | €0 | €8,198 | €6,226 | ▼ 24.1% |
| Furniture and vehicles24 | - | - | - | - | - | - | €6,617 | €5,118 | ▼ 22.7% |
| Financial fixed assets28 | €310 | €310 | €310 | €310 | €310 | €310 | €310 | €310 | = |
| Current assets29/58 | €19,064 | €27,381 | €45,929 | €31,688 | €31,703 | €34,258 | €19,339 | €27,827 | ▲ 43.9% |
| Stocks and contracts in progress3 | €13,357 | €13,893 | €14,599 | €12,722 | €7,966 | €5,916 | €4,464 | €5,009 | ▲ 12.2% |
| Stocks30/36 | - | - | - | €12,722 | €7,966 | €5,916 | €4,464 | €5,009 | ▲ 12.2% |
| Amounts receivable within one year40/41 | €122 | €177 | - | €706 | €1,768 | €1,067 | €400 | €490 | ▲ 22.5% |
| Trade receivables40 | - | - | - | €706 | €1,768 | €1,067 | €400 | €490 | ▲ 22.5% |
| Cash at bank and in hand54/58 | €2,443 | €11,540 | €29,878 | €16,738 | €20,453 | €25,633 | €12,609 | €19,152 | ▲ 51.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,522 | €1,516 | €1,642 | €1,867 | €3,177 | ▲ 70.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €43,306 | €37,416 | €47,665 | €33,922 | €32,975 | €34,568 | €34,465 | €39,481 | ▲ 14.6% |
| Equity10/15 | -€40,628 | -€46,918 | -€49,529 | -€45,531 | -€40,471 | -€42,271 | -€43,645 | -€44,886 | ▼ 2.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | - | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | €902 | €902 | €902 | €902 | €902 | €902 | €902 | €902 | = |
| Non-distributable reserves130/1 | - | - | - | €902 | €902 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €902 | €902 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €902 | €902 | €902 | = |
| Profit (loss) carried forward14 | -€60,130 | -€66,420 | -€69,031 | -€65,033 | -€59,973 | -€61,773 | -€63,147 | -€64,389 | ▼ 2.0% |
| Amounts payable17/49 | €83,934 | €84,334 | €97,194 | €79,453 | €73,446 | €76,839 | €78,109 | €84,367 | ▲ 8.0% |
| Amounts payable after more than one year17 | €6,442 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €74,292 | €72,567 | €94,252 | €79,453 | €73,446 | €76,839 | €78,109 | €82,922 | ▲ 6.2% |
| Trade debts44 | €36,332 | €50,992 | €61,926 | €43,591 | €38,366 | €50,620 | €37,577 | €47,333 | ▲ 26.0% |
| Suppliers440/4 | - | - | - | €43,591 | €38,366 | €50,620 | €37,577 | €47,333 | ▲ 26.0% |
| Advances received on contracts in progress46 | - | - | - | €157 | €30 | €236 | €146 | €50 | ▼ 65.8% |
| Taxes, remuneration and social security45 | - | - | - | €15,090 | €15,473 | €13,263 | €14,164 | €15,227 | ▲ 7.5% |
| Taxes450/3 | - | - | - | €11,419 | €11,576 | €9,104 | €9,817 | €10,701 | ▲ 9.0% |
| Remuneration and social security454/9 | - | - | - | €3,671 | €3,897 | €4,159 | €4,348 | €4,527 | ▲ 4.1% |
| Other amounts payable47/48 | - | - | - | €20,615 | €19,577 | €12,720 | €26,222 | €20,312 | ▼ 22.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €1,446 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,899 | -€6,290 | -€2,611 | €3,998 | €5,060 | -€1,800 | -€1,374 | -€1,241 | ▲ 9.7% |
| + Depreciation and write-downs630 | €18,298 | €18,485 | €8,298 | €2,388 | €962 | €962 | €2,540 | €3,471 | ▲ 36.6% |
| Operating cash flow (approximation) | €11,399 | €12,195 | €5,687 | €6,386 | €6,022 | -€838 | €1,166 | €2,230 | ▲ 91.2% |
| Investment in fixed assets (approximation) | - | -€4,277 | €1 | -€2,886 | €0 | -€0 | -€17,355 | €0 | - |
| Change in cash | - | €9,097 | €18,338 | -€13,140 | €3,715 | €5,180 | -€13,025 | €6,543 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,796 companies had the same profile as PALIT has now. Two years later, 90.4% were still going and 2.1% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a small loss
90.4%
was still going
6.0%
stopped otherwise
2.1%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PALIT itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,796 companies, not a prediction for PALIT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-07-2026 | 2026-00282533 | |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00185369 | |
| 31-12-2023 | micro format | 22-06-2024 | 2024-00183678 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00203659 | |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20193048 | |
| 31-12-2020 | micro format | 17-08-2021 | 2021-49600372 | |
| 31-12-2019 | micro format | 21-08-2020 | 2020-43500511 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-42700108 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-36600338 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-39300126 |